| KEY Stock | | | CAD 45.88 0.01 0.02% |
Considering Keyera Corp's profitability and operating efficiency indicators, Keyera Corp's profitability may be sliding down. It has an above-average risk of reporting lower numbers next quarter. Profitability indicators assess Keyera Corp's ability to earn profits and add value for shareholders. At this time, Keyera Corp's
Days Sales Outstanding is very stable compared to the past year. As of the 29th of November 2024,
EV To Sales is likely to grow to 2.97, while
Price To Sales Ratio is likely to drop 1.00. At this time, Keyera Corp's
Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 29th of November 2024,
Operating Income is likely to grow to about 946.9
M, though
Total Other Income Expense Net is likely to grow to (337.4
M).
For Keyera Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Keyera Corp to generate income relative to revenue, assets, operating costs, and current equity. These
fundamental indicators attest to how well Keyera Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Keyera Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Keyera Corp over time as well as its relative position and ranking within its peers.
Check out
Correlation Analysis.
Please note, there is a significant difference between Keyera Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Keyera Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Keyera Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Keyera Corp Cash And Equivalents vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Keyera Corp's current stock value. Our valuation model uses many indicators to compare Keyera Corp value to that of its competitors to determine the firm's financial worth.
Keyera Corp is currently regarded as number one stock in price to book category among its peers. It also is currently regarded as number one stock in cash and equivalents category among its peers creating about
3,142,184 of Cash And Equivalents per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Keyera Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Keyera Corp's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Keyera Cash And Equivalents vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Keyera Corp | P/B | = | MV Per ShareBV Per Share |
| = | 3.69 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Keyera Corp | Cash | = | Bank Deposits | + | Liquidities |
| = | 11.6 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Keyera Cash And Equivalents Comparison
Keyera Corp is currently under evaluation in cash and equivalents category among its peers.
Keyera Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Keyera Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Keyera Corp will eventually generate negative long term returns. The profitability progress is the general direction of Keyera Corp's change in net profit over the period of time. It can combine
multiple indicators of Keyera Corp, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Keyera Profitability Driver Comparison
Profitability drivers are factors that can directly affect your
investment outlook on Keyera Corp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Keyera Corp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Keyera Corp's important profitability drivers and their relationship over time.
Use Keyera Corp in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Keyera Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Keyera Corp will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Keyera Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keyera Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Keyera Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Keyera Corp to buy it.
The correlation of Keyera Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Keyera Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keyera Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Keyera Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Use Investing Themes to Complement your Keyera Corp position
In addition to having Keyera Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.
Utilities - Regulated Electric
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities - Regulated Electric theme has 7 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can
partner with us for reliable portfolio optimization as you plan to utilize
Utilities - Regulated Electric Theme or any other
thematic opportunities.
Other Information on Investing in Keyera Stock
To fully project Keyera Corp's
future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the
financial position of Keyera Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Keyera Corp's income statement, its balance sheet, and the statement of cash flows.
Potential Keyera Corp investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Keyera Corp investors may work on each financial statement separately, they are all related. The changes in Keyera Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Keyera Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
